Egypt Inflation Rate at 11-Month High


Egyptian annual inflation rate increased to 11.8 percent in October of 2014 from 11.12 percent in September. It is the highest value since November of 2013, mainly due to a rise in fruit and vegetables prices.

Year-on-year, food inflation (excluding fruits and vegetables) decreased marginally to 11.52 percent from 11.77 percent in the previous month. Fruits and vegetables prices increased 22.24 percent in October from 14.3 percent in September.

Monthly inflation increased to 1.71 percent in October compared to 1.23 percent in September. Excluding fruits and vegetables, food prices increased 0.9 percent from a 1.58 percent increase in September.

Core inflation which strips out subsidized goods and volatile items such as fruit and vegetables decreased to 0.55 percent in October compared to 0.84 percent in September. The annual rate declined to 8.47 percent from 9.15 percent in the previous month.

Egypt Inflation Rate at 11-Month High


Central Bank of Egypt | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/13/2014 6:46:56 PM